Solutions for retirement planning
Investment News, October 30th, 2007
There is no shortage of technology solutions to help with retirement
planning. Some are comprehensive packages that do — or promise to do —
many things; others are more modest in their goals.
I have come across two interesting tools in recent weeks, both of
which fall into the modest category. Both are calculators: One comes in
the form of installable software, and the other is available on the web.
Ilene
Davis, principal of Financial Independence Services, a Cocoa,
Fla.-based firm that manages $50 million in assets, has created a
-personal-computer software tool called the Not Just For Retirement
Calculator.
It is an all-around retirement-planning tool whose
ease of use and speed make up for the fact that it breaks no new ground
in devising retirement income solutions.
"Our calculations have
been around for years; they're in just about every personal-finance or
investment textbook I've used," Ms. Davis wrote in an e-mail.
She
said that she has been focused on retirement income distribution for
more than 20 years, and designed the calculator to help in her work.
Since the industry as a whole hasn't been as involved in distribution
issues to the degree that she has, Ms. Davis thinks that many advisers
will find the calculator helpful because it is so much easier to use
than other financial planning software when performing the same
calculations.
Just
click on the calculator icon, and the image of something that looks
like an old-style Texas Instruments calculator pops onto the screen.
But the "buttons" are all designed specifically for advisers.
Read more of this article.
NewRetirement Retirement Calculator: Assess your retirement plan with the NewRetirement Retirement Calculator.